LOCH Fyne Oysters plunged to a £1.6 million loss in its last financial year, ahead of a multimillion-pound injection by outside investors into the previously employee-owned company, documents obtained from Companies House reveal.
The Argyll-based company said it sold out to Scottish Seafood Investments (SSI), a vehicle backed by the Scottish Salmon Company and private equity firm Northern Link, after being hit by a leap in the price of salmon, deteriorating cash flow and the weight of expensive debt.
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